Mega project gets encouraging interest from global investors
Country Garden Pacificview Sdn Bhd’s Forest City project has received encouraging interest from businesses, investors and buyers from the Asia Pacific, Middle East, Europe and the United States.
Country Garden Pacificview executive director Datuk Md Othman Yusof said interest from these key markets would help to pick up the pace as the company brought forward its plans to sell beyond China this year.
“We have received encouraging interest from businesses, investors and buyers.
“They see value in the incentives accorded to Forest City, such as the creation of duty-free and tax-free zones, its geographic proximity to Asia-Pacific countries and affordability of doing business in Malaysia,” he said.
Othman said investors were further encouraged by the fact the project received approval from the Malaysian government in its push to make Iskandar Malaysia a major regional economic hub.
He said even with stricter foreign exhange policies in China, there was still a big demand for Chinese firms, who wanted to expand their operations overseas, such as Forest City.
“There is increased demand for cross-border trade settlement in yuan, as the Chinese economy continues to open up and Chinese firms continue with their globalisation efforts.
“We believe the Chinese government will approach the matter of capital control in a fair and pragmatic manner that will benefit all,” said Othman. Ahmad